Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-01General medical practice activities1911truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09220330 2022-04-01 2023-03-31 09220330 2021-04-01 2022-03-31 09220330 2023-03-31 09220330 2022-03-31 09220330 c:Director2 2022-04-01 2023-03-31 09220330 d:PlantMachinery 2022-04-01 2023-03-31 09220330 d:PlantMachinery 2023-03-31 09220330 d:PlantMachinery 2022-03-31 09220330 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09220330 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 09220330 d:MotorVehicles 2022-04-01 2023-03-31 09220330 d:MotorVehicles 2023-03-31 09220330 d:MotorVehicles 2022-03-31 09220330 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09220330 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 09220330 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09220330 d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 09220330 d:CurrentFinancialInstruments 2023-03-31 09220330 d:CurrentFinancialInstruments 2022-03-31 09220330 d:Non-currentFinancialInstruments 2023-03-31 09220330 d:Non-currentFinancialInstruments 2022-03-31 09220330 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09220330 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09220330 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09220330 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09220330 d:ShareCapital 2023-03-31 09220330 d:ShareCapital 2022-03-31 09220330 d:SharePremium 2023-03-31 09220330 d:SharePremium 2022-03-31 09220330 d:RetainedEarningsAccumulatedLosses 2023-03-31 09220330 d:RetainedEarningsAccumulatedLosses 2022-03-31 09220330 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09220330 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 09220330 c:FRS102 2022-04-01 2023-03-31 09220330 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09220330 c:FullAccounts 2022-04-01 2023-03-31 09220330 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09220330 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 09220330 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 09220330 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 09220330 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 09220330 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-03-31 09220330 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-03-31 09220330 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 09220330 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 09220330 d:LeasedAssetsHeldAsLessee 2023-03-31 09220330 d:LeasedAssetsHeldAsLessee 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 09220330










ASHFORD RURAL MEDICAL SERVICES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
ASHFORD RURAL MEDICAL SERVICES LTD
REGISTERED NUMBER: 09220330

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 5 
40,116
50,686

  
40,116
50,686

Current assets
  

Stocks
  
1,000
1,200

Debtors: amounts falling due within one year
 6 
162,172
221,918

Cash at bank and in hand
  
57,528
21,248

  
220,700
244,366

Creditors: amounts falling due within one year
 7 
62,727
104,310

Net current assets
  
 
 
157,973
 
 
140,056

Total assets less current liabilities
  
198,089
190,742

Creditors: amounts falling due after more than one year
 8 
4,414
15,847

Provisions for liabilities
  

Deferred tax
 10 
9,353
11,925

  
 
 
9,353
 
 
11,925

Net assets
  
184,322
162,970


Capital and reserves
  

Called up share capital 
  
10
10

Share premium account
  
8,997
8,997

Profit and loss account
  
175,315
153,963

  
184,322
162,970


Page 1

 
ASHFORD RURAL MEDICAL SERVICES LTD
REGISTERED NUMBER: 09220330
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 March 2024.


Dr R Dunnet
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ASHFORD RURAL MEDICAL SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Ashford Rural Medical Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
ASHFORD RURAL MEDICAL SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance and 12.5% on cost
Motor vehicles
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
ASHFORD RURAL MEDICAL SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Page 5

 
ASHFORD RURAL MEDICAL SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
4
4



Employees
15
7

19
11


5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2022
78,978
7,200
86,178



At 31 March 2023

78,978
7,200
86,178



Depreciation


At 1 April 2022
31,667
3,825
35,492


Charge for the year on owned assets
4,121
-
4,121


Charge for the year on financed assets
5,605
844
6,449



At 31 March 2023

41,393
4,669
46,062



Net book value



At 31 March 2023
37,585
2,531
40,116



At 31 March 2022
47,311
3,375
50,686

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
25,221
30,826

Motor vehicles
2,531
3,375
Page 6

 
ASHFORD RURAL MEDICAL SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

           5.Tangible fixed assets (continued)


27,752
34,201


6.


Debtors

2023
2022
£
£


Trade debtors
157,097
216,843

Prepayments and accrued income
5,075
5,075

162,172
221,918



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
23,345
26,011

Corporation tax
11,096
20,312

Other taxation and social security
8,791
7,945

Obligations under finance lease and hire purchase contracts
11,433
9,916

Other creditors
4,821
37,106

Accruals and deferred income
3,241
3,020

62,727
104,310



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
4,414
15,847

4,414
15,847


Page 7

 
ASHFORD RURAL MEDICAL SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
11,433
11,433

Between 1-5 years
6,783
16,699

18,216
28,132


10.


Deferred taxation




2023


£






At beginning of year
(11,925)


Charged to profit or loss
2,572



At end of year
(9,353)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
9,353
11,925

9,353
11,925

Page 8

 
ASHFORD RURAL MEDICAL SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Related party transactions

The company is associated with a primary care network. Transactions between the company and the network member practices are undertaken using the  cost- sharing group principles, which means that services are supplied by the company at cost. Cost for this purposes includes a proportion of relevant overheads incurred by the company. During the year income was received from the network  members totalling £404,783 (2022: £301,774). This resulted in £Nil (2022:£Nil) profit for the company.


Income from related parties
Amounts due to related parties
Amounts owed from related parties
£
£
£

Ashford Rural Primary Care Network
404,783
-
117,485
404,783
-
117,485

 
Page 9